Earthworm Inc

Analysis

Earthworm Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Earthworm Inc reported income of $629k and spending of $521k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $604k to $629k (+4.3%), an average of +1.0% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Earthworm Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Spikenard Farm Inc ($629k), Beaver Creek Wetlands Association Inc ($630k) and Dudley Conservation Land Trust Inc ($629k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $93k (18% of expenses). Other salaries and wages came to $143k. At year end it held assets of $505k against liabilities of $100k, net assets of $404k. It reported 9 employees.